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At least I must say this is pretty creative way to exploit financial industry. Maybe not as a profession, but certainty as a hobby. :)

Well, I have nothing against you making a living by winning $1000 in trading contests sometimes... Good luck! :)

Do you have GS as your clearing firm or what? Obviously it's GS pushing EURUSD one extra tick to hit your $100K notional size stop-loss order... :D Get real. Stop justifying why you are losing and start to think over what you do wrong. There is no other way to succeed.

Wrong. It is equal to poker table, not roulette. Reversed into a long trade, obviously pure luck... :D

Yes, it is. But there is gambling and there is gambling. Professional poker player gambles and drunk fish at the same table also gambles, while house gets the rake from both... Get the difference? :p

Just as I suspected... I called possible Euro short here today, well in advance of the actual move down: http://stocktwits.com/cornixforex Was it taken on 400:1 margin it would yield about 100% yield by now in a couple of hours, not even days... Does it tell anyone how great trader I am...

Meaningless figure without other parameters included, such as % risk per trade, # of trades to achieve that result etc.

Are these numbers supposed to impress me?

The best way to avoid curve fitting is just trade it, not discuss or "test it. :D Real results will speak for themselves.

Who are "we all"? :) The most successful traders I have ever known don't "test" anything at all, they just trade it, based on their experience with some (only the absolutely required minimum) money management and analytical criteria to define risk/entry/exit etc. And if it was random...

ssss's premise is that trades performed by traders are random. In this case of course this game is a negative sum one. But who said, that entries can only be random and different edges cannot be gained by performing analysis of various aspects of markets?

Pseudo. Intellectuals. :p

Alternatively gifted you mean? :D

Yes, ambiguity is what wrecks minds of most who try trading and is a huge barrier on the way to consistency... But the correct way to deal with it is: if your system has positive expectancy, result of single trades is close to random, but result of large enough sample size is certain. Like...

Costs are not a problem as long as you overcome them... Only thing which matters is the bottom line. Some markets may have huge deal costs but exceptionally good volatility, which allows to easily pay for business expenses (costs and losses) and come out ahead.

Sorry if I sounded like I want to pretend here... Didn't intend to look bold. I get your point about being in denial of reality, but one good thing about trading is: you can't cheat P&L. Either you make it or you lose it consistently, no other way...

I don't like these numbers. Would prefer to believe this game has 99% losers, otherwise it's not enough of a challenge and consequently, money to be made. :p

Yea, no different from professional sports or other highly scalable profession. Taleb stated it long ago: scalable professions have smaller chance of success, because they are very demanding (though it's better to say they are scalable, because they are so demanding and consequently only a few...

LOL... Isn't it great that most have this kind of mentality for real? :D

Definitely so. But in this game, you must play primarily offence and let the stop-loss (or some other way of risk management, built into a system) play defence for you. It's a matter of focus. One shouldn't always focus on dangers of going impulsive or having a losing streak or whatever else...